|  |  |
| --- | --- |
| 5. | PAYMENTS  |

  




|  |  |
| --- | --- |
| 5.1 | **Deposit**  |

  

 Lessee shall pay Lessor any Deposit as specified in Section 3 of the Aircraft Lease Agreement. 

  




|  |  |
| --- | --- |
| 5.2 | **Rental Periods**  |

  

 The first Rental Period will start on the Rent Commencement Date and each subsequent Rental Period will start on the date immediately following the last
day of the previous Rental Period. Each Rental Period will end on the date immediately before the numerically corresponding day in the next calendar month, except that: 

  




|  |  |  |
| --- | --- | --- |
|   | (a) | if there is no numerically corresponding day in that month, it will end on the last day of that month; and  |

  




|  |  |  |
| --- | --- | --- |
|   | (b) | if a Rental Period would otherwise overrun the Expiry Date, it will end on the Expiry Date.  |

  




|  |  |
| --- | --- |
| 5.3 | **Rent**  |